Judith Corp has current assets worth 50,000 and current liabilities worth 75000. Current assets include an inventory of 10000 what is the current ratio?
current ratio=current assets/current liabilities
=50,000/75000
which is equal to
=0.67(Approx).
Judith Corp has current assets worth 50,000 and current liabilities worth 75000. Current assets include an...
Current Attempt in Progress Marigold Corp. has current assets of $1890000 and current liabilities of $600000. If they issue $167000 of new stock, what will their new current ratio be? (rounded) O 3.2:1 O 3.4:1 O 2.9:1 O 2.7:1 Current Attempt in Progress The total liabilities of Nash's Trading Post, LLC decreased by $75000 during the month of August 2022. Stockholders' equity increased by $25000 during this period. By what amount and in what direction must total assets have changed...
A firm's long-term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities = $200,000. The industry average current ratio is 2.0 and quick ratio is 1.5. (3 points each) 7.1 What are the firm's current ratio and quick ratio? 7.2 What is the firm's liquidity position? 7.3 What is the firm's net working capital? 7.4 Why is working capital important to a business?
Liquidity Current ratio 2014 = current assets/current liabilities 204,000/89,000 = 2.292 for 2014 and 230,000/90,000 = 2.555 for 2015 Quick Ratio = current assets-inventory/current liabilities 204,000-66,000/89000= 1.550 for 2014 and 230,000-75000/90,000 = 1.722 for 2015 Accounts receivable turnover Credit sales/average debts Average debt 75000+82000/2 = 78500 Total sales = 3,199,900/78500 = 40.76 times (2015) Days sales outstanding = average accounts receivable/sales credit 78500/3199900 x 360 = 8.83 days (2015) Inventory turnover 66,000+75,000/2 = 70,500 Inventory turnover ratio = cost of...
The following information is available for Marigold Corp. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $67,200 250,000 28,000 87,500 109,250 90,000 8,000 3,000 28,000 2016 $ 46,340 215,000 33,100 96,750 49,400 56,000 8,000 1,500 13,000 Shares outstanding at beginning of year Shares outstanding at end of year 50,000 85,000 40,000 50.000 (a) Compute earnings per share for 2017 and 2016...
Jones Corp. reported current assets of $186,000 and current liabilities of $130,500 on its most recent balance sheet. The current assets consisted of $63,400 Cash; $45,100 Accounts Receivable; and $77,500 of Inventory. The acid-test (quick) ratio is: Ο Ο Ο Ο Ο Ο
Jarman Company had current and noncurrent liabilities of $50,000 and $160,000, respectively The company's current assets were $76,000, out of a total asset figure of $457,000. Calculate the company's debt ratio. Jarman Company had current and noncurrent liabilities of $50,000 and $160,000, respectively The company's current assets were $76,000, out of a total asset figure of $457,000. Calculate the company's debt ratio.
A company with current assets of $100,000 and current liabilities of $50,000 uses $10,000 in cash to pay off a current liability. After this transaction, the company current ratio will equal.
3. Jumpstart Corp had the following comparative current assets and current liabilities for 2015 & 2014: Dec. 31, 2015 Dec.31, 2014 Current assets Cash ....... $ 30,000 $ 30,000 Marketable securities ........ 40,000 10,000 Accounts receivable (net) ... 55,000 95,000 Inventory ........ 110,000 90,000 Prepaid expenses ............ 35,000 20,000 Total current assets .......... $270,000 $ 245,000 Current liabilities Accounts payable ...... $ 120,000 $ 110,000 Salaries payable 40,000 30,000 Income taxes payable ....... 20,000 15,000 Total current liabilities ...... $...
assume the assets are 1500,000, current liabilities are 250,000, inventory is 50,000, total debt is 1200,000and total assets are 3,500,000. Compute the liquidity and leverage ratios for this organization. Assume the net sales for the organization are 1750,000. Compute the asset turnover activity ratio. comment 1-2 sentence regarding the health of the organization based upon your computations
The following information is available for Bridgeport Corp. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2022 $ 59,690 242,500 23,500 58,200 82,400 92,400 7,525 5,400 29.400 2021 $ 45,360 207,400 32,400 72,590 46,795 58,400 7,525 3.900 14,400 Common shares outstanding at beginning of year Common shares outstanding at end of year 42,400 77.400 32.400 42.400 (a) Compute earnings per share for...